Libra, to me, marks the beginning of a new era in human history, the age of the corporations. We tried to find a new way by introducing public blockchains; however, it is more likely that corps like Facebook will control the Blockchain space soon, at least it will be perceived like that by the general public.
Hopefully, we will get back on track towards decentralization soon. BTC
Topic: Libra VS Bitcoin (2 Coins Enter 1 Coin Leaves????) - page 4. (Read 1049 times)
Anything backed by a large existing company with a huge target market will be successful because it has a large network of users and merchants and also the backing of the government, because the government wants that information.
It is a well known fact that Facebook is feeding the US government with people's personal data and now they are adding people's private financial data too, so this will be a valueble asset for the US government.
People needs to decide if they want their private financial data to be accessable to the US government and all other agencies that work with them.
It is a well known fact that Facebook is feeding the US government with people's personal data and now they are adding people's private financial data too, so this will be a valueble asset for the US government.
People needs to decide if they want their private financial data to be accessable to the US government and all other agencies that work with them.
Lots of project has been launched in the passed with somuch hype and made so many crypto enthusiasts believe they can displace bitcoin, but not till date has been able to take over bitcoin in terms of usage and acceptance and trust me when I say not even the so much hyped Libra coin will out perform bitcoin. The centralization of Libra coin alone will play to bitcoins advantage as crypto enthusiasts prefers decentralization which is the main purpose of crypto currency and blockchain in general. Bitcoin will remain king and all other will only try but will never get close
Quote
Consider Libra a "e-token" that represents 1 USD per 1 Libra and Bitcoin to be more like Gold.
Libra = Facebook giftcard pretty much.
Bitcoin and Libra can and will exist at the same time (just like bitcoin/altcoins/fiats today) They are not competing this is not a boxing match. One does not simply "Leave".
Libra = Facebook giftcard pretty much.
Bitcoin and Libra can and will exist at the same time (just like bitcoin/altcoins/fiats today) They are not competing this is not a boxing match. One does not simply "Leave".
Then there is no relation with Bitcoin and Libra. So Libra is basically a stable coin. I agree it is giftcard, like amazon gift card. But it can be use digitally. We can not say it cryptocurrencies. More like loyalty points.
Quote
Gavin works for the CIA.
no gavin was invited to a conference to explain to government agencies what bitcoin was all about.
whats next.. andrea's antanopolus is a canadian government leader because he went to speak to canadian leaders
that must make Luke JR god because he is a bible preacher.
what i find funny reading about libra
says "protects users’ privacy by never mingling your Libra payments with your Facebook data"
but then says "You’ll pseudonymously buy or cash out your Libra online... ...and spend it using interoperable third-party wallet apps or Facebook’s own Calibra wallet that will be built into WhatsApp, Messenger and its own app."
but then shows
oh look someones facebook profile in same app as the payment
people will laugh when they get facebook notifications/messages that a friend paid them X. and questions start arising 'but how does facebook notifications know'
the way i look at it. libra wont 'mingle' facebook data.. to avoid blockchain bloat.
but facebook will include libra data because how else will messenger inform you been paid
says "protects users’ privacy by never mingling your Libra payments with your Facebook data"
but then says "You’ll pseudonymously buy or cash out your Libra online... ...and spend it using interoperable third-party wallet apps or Facebook’s own Calibra wallet that will be built into WhatsApp, Messenger and its own app."
but then shows
oh look someones facebook profile in same app as the payment
people will laugh when they get facebook notifications/messages that a friend paid them X. and questions start arising 'but how does facebook notifications know'
the way i look at it. libra wont 'mingle' facebook data.. to avoid blockchain bloat.
but facebook will include libra data because how else will messenger inform you been paid
Libra VS Bitcoin (2 Coins Enter 1 Coin Leaves???)
Bitcoin Created by Satoshi
VS
LIBRA Created by Corporations
Libra Specs are still not confirmed, but faster transactions speeds and lower transactions fees to gain market share seem likely.
Libra is Centralized Control and Bitcoin currently is not.
Libra value per coin should be stable since the Corps are backing it with fiat reserves, while Bitcoin price can rise or fall quickly.
My thoughts are merchants will flock to it because of price stability , plus a little corporate nudging.
Bitcoin will still be harder to censor than Libra and its price won't be as stable,
but investors and traders don't want stability, they make money with the market swings.
So Investors and traders will still favor Bitcoin,
While Merchants will favor Libra.
So what is everyone's else thoughts?
Will one defeat the other or are they fighting in different rings and never shall they actually face off.
Bitcoin Created by Satoshi
VS
LIBRA Created by Corporations
Libra Specs are still not confirmed, but faster transactions speeds and lower transactions fees to gain market share seem likely.
Libra is Centralized Control and Bitcoin currently is not.
Libra value per coin should be stable since the Corps are backing it with fiat reserves, while Bitcoin price can rise or fall quickly.
My thoughts are merchants will flock to it because of price stability , plus a little corporate nudging.
Bitcoin will still be harder to censor than Libra and its price won't be as stable,
but investors and traders don't want stability, they make money with the market swings.
So Investors and traders will still favor Bitcoin,
While Merchants will favor Libra.
So what is everyone's else thoughts?
Will one defeat the other or are they fighting in different rings and never shall they actually face off.
Jump to: